Most Important Factors When Calculating the Compensation

Most Important Factors When Calculating the Compensation

Updated on Thursday 23rd November 2017

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Most-important-factors-when-calculating-the-compensationPersonal injuries are quite common nowadays, whether we are talking about workplace injuries, accidents occurring on the street and in most of the cases, car accidents. No matter of the nature of a personal injury occurred in the state of California, our L.A. personal injury attorneys can help you estimate the damage caused during and after the accident.
You should know that if you suffered a personal injury, you have the right to be compensated for the pain you went through. Below, our Los Angeles personal injury lawyers will explain what the most important factors when calculating the compensation you deserve are.

Verifying all the facts when the personal injury occurred

This is perhaps the most important factor to take into account when calculating the compensation for a personal injury in Los Angeles. In order to factor in all the facts, our Los Angeles personal injury attorneys will go through every detail of your case, verify all the details and determine how the compensation should be calculated. They will emphasize facts like:
  • -          how the accident happened;
  • -          establishing the nature of the personal injury;
  • -          gathering all the evidence related to the personal injury;
  • -          filing the claim as soon as possible;
  • -          making sure the right amount is offered by the insurer.
Apart from that, you can also use the calculator provided by our Los Angeles personal injury attorneys in order to estimate the amount you should receive.
We invite you to watch a video on the important factors when calculating the compensation:

The importance of evidence when calculating the compensation for a personal injury case in L.A.

The evidence is the factor that counts the most when filing a claim for compensation after suffering a personal injury in Los Angeles. The following evidence should be submitted when calculating the compensation:
  • -          the medical expenses incurred at the time and after the accident;
  • -          the period spent away from working which usually triggers the loss of income;
  • -          the physical and emotional suffering caused by the injury;
  • -          the emotional distress caused to other family members, such as spouses and children;
  • -          the damage caused to the property, if it is the case;
  • -          rehabilitation, if required.
You should know that all the evidence must be filed with the insurer of the party causing the accident, and that is why legal assistance in gathering all the evidence and negotiating is required.
Every case is different and victims should know that they are entitled to claim compensation both for the physical injuries and the emotional suffering. These are two different types of compensations and for the general ones (pain and suffering, mental anguish, etc.), the calculation method will usually imply the use of a multiplier. This tool can be used by insurance agencies but your Los Angeles personal injury attorney can also use it to make an estimate of your settlement. In most cases, the higher the level of perceived pain is, the higher the settlement becomes.
The multiplier is usually considered between one or one-and-a-half to five times the medical costs needed to treat the injuries. Naturally, the victim and/or the attorney will have to adjust this figure according to how serious the injury is. One a small number of victims are entitled to a multiplier of five or higher than five and in most cases, these involve permanent disability or disfigurement. 
Victims should remember that while they may have just cause for calculating a large settlement, it is very important that the facts of the case support the settlement amount. You should always try to estimate what your case is worth and rely on the particularities and the facts of the case.
For more information on other factors which should be taken into consideration when calculating the compensation, please contact our Los Angeles personal injury attorneys.



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